By Mike Deem
As more consumers look for ways to improve their home’s efficiency with clean and renewable energy, many homeowners are signing solar lease agreements that are illegal, or otherwise violate consumer protection regulations.
Consumer lease agreements must meet certain statutory and regulatory criteria designed to protect you as the consumer. However, many solar lease agreements do not comply with these statutes and regulations, leaving the consumer susceptible to predatory practices. For instance, some solar companies fail to include certain required terms in their lease agreements. For example, a lease agreement must identify and lay out accurately and in a clear and conspicuous manner the number, amount, and due dates or periods of periodic payments as well as the total amount of such periodic payments. Another well-known deficiency with solar lease agreements is the failure to include a clear and conspicuous early termination notice or an end of term purchase option.
Sometimes, violations of the leasing laws and regulations provide the consumer with the ability to get-out of their lease agreement or defend a lawsuit filed by the solar company when the consumer has found themselves behind in their monthly lease payments.
If you are being sued by a solar company or you simply want to terminate your solar lease agreement then contact R.C. Shea & Associates (732-505-1212) for a free review of your solar lease agreement.
